mPhase Technologies Inc (XDSL)

[NoMoDo]

What??? NO.

The company filed a NT 10Q on 2/14 because they "retired" the CFO before he had a chance to look at or sign the Q. They rehired the CFO on a temporary basis in order to have the guy who was responsible for the info to sign off.

The company managed to get the CFO back and sign off on the Q within the allotted time. There is one glaring problem with this company, but filing is not one of them.

The company needs to address about 56 bil shares and what they will do to get that number down to something realistic. It will likely be a R/S as they painted themselves into a corner on this one. That will be a short term (severe) hit, but afterwards, I expect Anshu will start to build this company into something very big. Those who hold through it will likely take a womping, but the really long term holders will likely come out very much ahead.